Question: Jeff knows that adding a special grain supplement to his cows will produce more milk according to the following schedule: 1/4 2/7 3/10 4/12 5/13
Jeff knows that adding a special grain supplement to his cows will produce more milk according to the following schedule:
1/4 2/7 3/10 4/12 5/13 6/14
where the first number reports the total number of pounds of grain supplement, and the second number reports the total amount of milk produced. For example, 4/12 means that if the cow is fed 4 pounds of grain supplement, the cow will produce 12 units of milk.
How many pounds of grain supplement should Jeff feed the cows if the farm receives $0.30 per unit of milk and the price of grain supplement is $0.80 per pound?
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Ans To maximize profit Jeff needs to determine the optimal amount of grain supplement to feed the cows considering the cost of the grain supplement an... View full answer
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